Wall St. opens higher after strong retail sales data, Walmart results

Wall St. opens higher after strong retail sales data, Walmart results

FILE PHOTO: A screen shows the numbers after the closing bell at the New York Stock Exchange (NYSE) in New York, U.S., August 14, 2019. REUTERS/Eduardo Munoz

(Reuters) – U.S. stocks opened higher on Thursday as a surge in July retail sales and Walmart’s robust results eased fears of a recession in the world’s largest economy, while differing reports on the U.S.-China trade dispute kept investors on edge.

The Dow Jones Industrial Average rose 34.83 points, or 0.14%, at the open to 25,514.25.

The S&P 500 opened higher by 5.60 points, or 0.20%, at 2,846.20. The Nasdaq Composite gained 16.26 points, or 0.21%, to 7,790.20 at the opening bell.

Reporting by Arjun Panchadar in Bengaluru; Editing by Saumyadeb Chakrabarty

Related posts